Guiding Businesses to Work Smarter Amid New Tax and Challenges

By Aiysha (AJ) Johnson, MA, IOM, CEO and Executive Director of the NJCPA On Jan 16, 2024

Businesses across this great state are facing more than a few hurdles in finding the right talent, looking for niche growth areas, and striving to operate in a tax-friendly environment. At the New Jersey Society of Certified Public Accountants (NJCPA), a 13,000-member organization comprised of accounting professionals and certified public accountants (CPAs) who work tirelessly to advance the financial well-being of the residents and businesses in New Jersey, we understand the issues facing you today.

We routinely work with the New Jersey Legislature and business organizations to advocate for measures to improve the business landscape. Our most recent initiatives include supporting the recently passed bill (S1884/A4090) requiring a reader-friendly summary of the state’s Annual Comprehensive Financial Report (ACFR), which will allow lawmakers, the media, and the public to become more aware of the state’s true financial condition.

From dry cleaners and dentists to large pharmaceuticals and everything in between, CPAs strategize to find the most efficient ways for businesses to operate in New Jersey, increase revenue, and plan for their future. In this post-COVID environment, a myriad of new challenges face businesses every day, and those who rely on the trusted advice of CPAs will find greater success now and in the years to come.

We are excited to bring you this special section which outlines the following:

• Understanding the major tax issues affecting New Jersey businesses, such as corporate tax reform and workforce mobility
• Understanding the rules regarding credit card surcharging
• Using data analytics to improve workflow & grow revenue
• What to look for in new tax reporting requirements for cryptocurrency
• We remind you to contact your CPA for all aspects of running your business. 

-Aiysha (AJ) Johnson, MA, IOM, CEO and Executive Director of the NJCPA

To access more business news, visit NJB News Now.

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